RE: Bitcoin has lost over 0.5 its price since last year’s all-time high

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Bitcoin has lost over 0.5 its price since last year’s all-time high

in bitcoin •  7 years ago 

I think this is a positive correction for the future of crypto. It gained hype, countless people bought it for the name recognition without knowing anything about crypto at all and have now seen massive losses so they are selling off. This will allow the average person a chance to start to invest slowly into crypto and learn more about it. It will be a great thing for us all in the future; more people means more long term success. There is far too much of a focus on short term gains; the contemporary stock market mentality is deeply flawed and I hope it does not persevere.

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@cmplxty you are really correct, since they are selling off now at a really low price with fear this will give real investors opportunity to purchase and really invest.

Yup! I’m looking forward to what the future holds for us all, thanks!